The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through three segments: Investment Services, Investment and Wealth Management, and Other. The Investment Service segment offers custody, trust and depositary, accounting, exchange-traded funds services, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, brokerage and data analytics, clearing, investment, wealth and retirement solutions, technology and enterprise data management, trading, corporate trust, depositary receipts, payments, foreign exchange, liquidity management, receivables processing and payables management, trade finance and processing, collateral management, and tri-party services. The Investment and Wealth Management segment provides diversified investment management strategies and distribution of investment products, investment management, custody, wealth and estate planning, private banking, investment, and information management services. The Other segment engages in the leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit activities. It serves central banks and sovereigns, financial institutions, asset managers, insurance companies, corporations, local authorities and high net-worth individuals, and family offices. The company was founded in 1784 and is headquartered in New York, New York.
IPO Year:
Exchange: NYSE
Website: bnymellon.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
1/3/2025 | Outperform → Peer Perform | Wolfe Research | |
12/9/2024 | $82.00 → $94.00 | Equal-Weight → Overweight | Morgan Stanley |
9/23/2024 | $66.00 → $80.00 | Hold → Buy | Deutsche Bank |
7/15/2024 | $65.00 | Buy → Neutral | Citigroup |
6/27/2024 | $60.00 → $70.00 | Mkt Perform → Outperform | Keefe Bruyette |
1/30/2024 | $52.00 → $62.00 | Underweight → Equal-Weight | Morgan Stanley |
12/18/2023 | $54.50 | Neutral → Overweight | JP Morgan |
1/12/2023 | $56.00 | Buy | BofA Securities |
1/4/2023 | $60.00 | Peer Perform → Outperform | Wolfe Research |
1/4/2023 | $59.00 | Neutral → Buy | Goldman |
8-K - Bank of New York Mellon Corp (0001390777) (Filer)
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Behavox, an AI insights company that transforms structured and unstructured corporate data into insights that safeguard and enhance businesses, today announced that BNY (NYSE:BK), a global financial services company, has successfully completed the implementation of Behavox Quantum. "Core to BNY's mission is identifying, assessing and mitigating risks across our organization as we execute on our strategy," said Tom Wileman, Head of Global Compliance Assurance at BNY. "By leveraging Behavox's technologies, we're helping to elevate our compliance monitoring and strengthen our holistic approach to risk management." The SaaS implementation of Behavox covers BNY's various communication channels
NEW YORK, April 11, 2025 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE:BK), a global financial services company, today announced that its Board of Directors declared dividends on its common and preferred stock as follows: Common – a quarterly common stock dividend of $0.47 per share, payable on May 2, 2025 to shareholders of record as of the close of business on April 21, 2025. Preferred – the following dividends for the noncumulative perpetual preferred stock, liquidation preference $100,000 per share, for the dividend period ending in June 2025, in each case payable on June 20, 2025 to holders of record as of the close of business on June 5, 2025: $1,311.33 per sha
NEW YORK, April 11, 2025 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE:BK), a global financial services company, has reported financial results for the first quarter 2025. The company's earnings release along with the quarterly update presentation and other earnings-related documents are available at www.bny.com/investorrelations. Management will host a conference call and simultaneous live audio webcast at 11:00 a.m. ET today. This conference call and audio webcast will include forward-looking statements and may include other material information. Conference Call and Audio Webcast AccessInvestors and analysts wishing to access the conference call and audio webcast m
BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (the "Fund") today announced that the Fund's Board of Directors has approved the Fund's quarterly tender offer (the "Tender Offer") with the following terms: Number of Shares 2.5% of the Fund's outstanding shares as of March 31, 2025 Commencement Date April 17, 2025 Expiration Date and Time May 15, 2025 at 5:00 p.m. Eastern Time, unless otherwise extended Price Net asset value per share determined as of March 31, 2025 The terms and conditions of the Tender Offer will be set forth in the Fund's Offer to Purchase, the related Letter of Transmittal and other related documents. As soon as the Tend
NEW YORK, April 3, 2025 /PRNewswire/ -- Reality Defender, the RSA Innovation Sandbox-winning deepfake and AI-generated media detection platform, today announced strategic investments from BNY (NYSE:BK), Samsung Next, and Fusion Fund. These collaborations reinforce the organizations' commitment to the prevention of deepfake-enabled fraud across critical financial and communication channels. Founded in 2021, Reality Defender provides best-in-class detection against advanced communication-based threats posed by dangerous deepfake impersonations. The company's comprehensive soluti
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) today announced a distribution of $0.0300 per share of common stock, payable on May 1, 2025 to shareholders of record at the close of business on April 16, 2025. The ex-dividend date is April 16, 2025. The previous distribution announced in March was $0.0300 per share of common stock. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance. At times, to maintain a stable level of distributions, the Fund may pay out less than all of its net investment income or, in addition to paying out current net investment income, the Fund may pay out accumulated un
NEW YORK, April 1, 2025 /PRNewswire/ -- As previously announced, The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, will hold the 2025 Annual Meeting of Stockholders on Tuesday, April 15, 2025, at 9:00 a.m. ET. The Notice of Annual Meeting and Proxy Statement was made available on March 5, 2025. The Annual Meeting will be held virtually, and a live webcast will be available at www.virtualshareholdermeeting.com/BK2025. This webcast may include forward-looking statements and other material information. Stockholders can participate, vote and ask questions in the Annual Meeting by entering the 16-digit control number received with their proxy materi
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. (each, a "Fund") have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable April 30, 2025 to shareholders of record on April 14, 2025, with an ex-dividend date of April 14, 2025. Fund Ticker Monthly Distribution Per Share Change from Prior Monthly Distribution Per Share BNY Mellon Municipal Income, Inc. DMF $0.019 -- BNY Mellon Strategic Municipal Bond Fund, Inc. DSM $0.018 --
On March 26, 2025, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE:DHF) declared from net investment income a monthly cash dividend of $0.0175 per share of beneficial interest, payable on April 24, 2025, to shareholders of record at the close of business on April 9, 2025. The ex-dividend date is April 9, 2025. The previous dividend declared in February was $0.0175 per share of beneficial interest. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Investments. BNY Investments is one of the world's largest asset managers, with $2.0 trillion in assets under management as of December 31, 2024. Through a client-f
NEW YORK, March 17, 2025 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE:BK), a global financial services company, today announced that it will redeem all of the issued and outstanding Floating Rate Senior Notes due April 25, 2025 (CUSIP 06406RBE6) (the "Notes"). The Notes have an aggregate principal amount of $400,000,000. The redemption date for the Notes is March 25, 2025 (the "Redemption Date"). The redemption price for the Notes will equal 100% of the principal amount of the Notes plus any accrued and unpaid interest thereon to, but excluding, the Redemption Date (the "Redemption Price"). On and after the Redemption Date, the Notes will no longer be deemed outstan
NEW YORK, April 11, 2025 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE:BK), a global financial services company, today announced that its Board of Directors declared dividends on its common and preferred stock as follows: Common – a quarterly common stock dividend of $0.47 per share, payable on May 2, 2025 to shareholders of record as of the close of business on April 21, 2025. Preferred – the following dividends for the noncumulative perpetual preferred stock, liquidation preference $100,000 per share, for the dividend period ending in June 2025, in each case payable on June 20, 2025 to holders of record as of the close of business on June 5, 2025: $1,311.33 per sha
NEW YORK, April 11, 2025 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE:BK), a global financial services company, has reported financial results for the first quarter 2025. The company's earnings release along with the quarterly update presentation and other earnings-related documents are available at www.bny.com/investorrelations. Management will host a conference call and simultaneous live audio webcast at 11:00 a.m. ET today. This conference call and audio webcast will include forward-looking statements and may include other material information. Conference Call and Audio Webcast AccessInvestors and analysts wishing to access the conference call and audio webcast m
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) today announced a distribution of $0.0300 per share of common stock, payable on May 1, 2025 to shareholders of record at the close of business on April 16, 2025. The ex-dividend date is April 16, 2025. The previous distribution announced in March was $0.0300 per share of common stock. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance. At times, to maintain a stable level of distributions, the Fund may pay out less than all of its net investment income or, in addition to paying out current net investment income, the Fund may pay out accumulated un
NEW YORK, April 1, 2025 /PRNewswire/ -- As previously announced, The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, will hold the 2025 Annual Meeting of Stockholders on Tuesday, April 15, 2025, at 9:00 a.m. ET. The Notice of Annual Meeting and Proxy Statement was made available on March 5, 2025. The Annual Meeting will be held virtually, and a live webcast will be available at www.virtualshareholdermeeting.com/BK2025. This webcast may include forward-looking statements and other material information. Stockholders can participate, vote and ask questions in the Annual Meeting by entering the 16-digit control number received with their proxy materi
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. (each, a "Fund") have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable April 30, 2025 to shareholders of record on April 14, 2025, with an ex-dividend date of April 14, 2025. Fund Ticker Monthly Distribution Per Share Change from Prior Monthly Distribution Per Share BNY Mellon Municipal Income, Inc. DMF $0.019 -- BNY Mellon Strategic Municipal Bond Fund, Inc. DSM $0.018 --
On March 26, 2025, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE:DHF) declared from net investment income a monthly cash dividend of $0.0175 per share of beneficial interest, payable on April 24, 2025, to shareholders of record at the close of business on April 9, 2025. The ex-dividend date is April 9, 2025. The previous dividend declared in February was $0.0175 per share of beneficial interest. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Investments. BNY Investments is one of the world's largest asset managers, with $2.0 trillion in assets under management as of December 31, 2024. Through a client-f
The Board of Directors of BNY Mellon Municipal Income, Inc. (the "Fund"), a registered closed-end fund, approved the reorganization of the Fund with and into BNY Mellon AMT-Free Municipal Bond Fund (the "Acquiring Fund"), a series of BNY Mellon Municipal Funds, Inc., a registered open-end fund. The proposed reorganization of the Fund is subject to certain conditions, including approval by the Fund's stockholders at a special meeting of stockholders scheduled to be held on or about June 2, 2025. Stockholders of record as of the close of business on April 9, 2025 will be entitled to receive notice of and to vote at the special meeting of stockholders. At the June 2024 Annual Stockholders Mee
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) today announced a distribution of $0.0300 per share of common stock, payable on April 1, 2025 to shareholders of record at the close of business on March 18, 2025. The ex-dividend date is March 18, 2025. The previous distribution announced in February was $0.0300 per share of common stock. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance. At times, to maintain a stable level of distributions, the Fund may pay out less than all of its net investment income or, in addition to paying out current net investment income, the Fund may pay out accumulat
On February 27, 2025, BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (Ticker: XALCX) declared a distribution of $2.00 per share of common stock, payable on April 1, 2025, to shareholders of record at the close of business on March 13, 2025. The ex-dividend date is March 13, 2025. The previous distributions declared in December were a quarterly distribution of $2.00 per share of common stock and a special year-end distribution of $5.85 per share of common stock. The Fund intends to distribute all or a portion of its net investment income to common shareholders on a quarterly basis. To permit the Fund to maintain a more stable quarterly distribution, the Fund may from time to t
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. (each, a "Fund") have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable March 31, 2025 to shareholders of record on March 14, 2025, with an ex-dividend date of March 14, 2025. Fund Ticker Monthly Distribution Per Share Change from Prior Monthly Distribution Per Share BNY Mellon Municipal Income, Inc. DMF $0.019 -- BNY Mellon Strategic Municipal Bond Fund,
Cantilever Group, an independent investment firm focused on middle-market GP stakes, is pleased to announce the appointment of Liz Robinson to its Advisory Board. Ms. Robinson brings a wealth of experience from her distinguished 26-year career at Goldman Sachs. During her tenure, she held a number of roles, including Global Treasurer and Partner, where she was responsible for managing the firm's liquidity risk, balance sheet and capital. Ms. Robinson also co-chaired the Finance Committee and the Firmwide Capital Committee. Beyond her achievements at Goldman Sachs, Ms. Robinson has a strong record of board leadership. She currently serves on the boards of The Bank of New York Mellon Corpor
NEW YORK, Jan. 30, 2025 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE:BK), a global financial services company, today announced the appointment of Carolyn Weinberg as its Chief Solutions Innovation Officer. Ms. Weinberg will join the company on February 3 and be a member of the BNY Executive Committee. "I am delighted to welcome Carolyn to BNY," said Robin Vince, Chief Executive Officer. "Fostering BNY's culture of innovation and curiosity is essential, and Carolyn's breadth of experience in product innovation, development and commercialization will enhance our ability to quickly grasp and cater to the biggest trends in capital markets." "Finding new ways to lever
NEW YORK, Dec. 5, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE:BK), a global financial services company, today announced the appointment of Rajashree Datta as Deputy Chief Risk Officer. Ms. Datta will join the company on December 15 and be a member of BNY's Executive Committee. She will succeed Senthil Kumar as BNY's Chief Risk Officer in 2025 following a transition. "I am delighted to welcome Rajashree to BNY," said Robin Vince, President and Chief Executive Officer. "Risk Management is an imperative for any company, especially BNY − which sits at the center of the financial system − and Rajashree's expertise in developing strong risk frameworks will help us c
Key collaborators include Decerno, Arete, and BNY Pershing Crux Wealth Advisors (Crux) is with this news release publicly announcing their official launch as a hybrid Registered Investment Adviser and full service wealth management firm. After two years of due diligence and preparation, the now fully autonomous firm launched with its first tranche of $1 billion in client assets under management (AUM) in a planned multi-phase transition strategy in order to minimize client and business disruption, while allowing for equally as efficient transitions in the coming months. Crux parted ways with Raymond James Financial Services (RJFS) on August 2, 2024. Crux founder and CEO Travis Alexander,
NEW YORK, July 2, 2024 /PRNewswire/ -- BNY has appointed Jose Minaya as Global Head of BNY Investments and Wealth. Mr. Minaya will join the company on September 3, reporting to President and Chief Executive Officer, Robin Vince, and will be a member of the firm's Executive Committee. This appointment follows Hanneke Smits's decision to retire; she will continue in her current role until September 3, at which time she will transition to Chair of BNY Investments through the end of 2024 to support a seamless transition. "I'd like to thank Hanneke for her leadership and am very pleased to welcome Jose, an investment veteran with decades of diversified experience leading a major asset manager,
NEW YORK, June 18, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE:BK), the global financial services company, today announced the appointment of Leigh-Ann Russell as Chief Information Officer and Global Head of Engineering. Ms. Russell will join the company on September 15, reporting to President and Chief Executive Officer, Robin Vince, and will be a member of the firm's Executive Committee. "I am delighted to welcome Leigh-Ann to BNY," said Robin Vince, President and CEO. "Our company has a 240-year track record of innovation and resilience, and Leigh-Ann brings a true engineering and platforms mindset that will enable our continued success in the adoption an
Colton-Grant will succeed Leo Grohowski who retires at the end of the year; Chris Vella to lead Investor Solutions NEW YORK, Aug. 15, 2023 /PRNewswire/ -- BNY Mellon (NYSE:BK) Wealth Management today announced the appointment of Sinead Colton-Grant as Chief Investment Officer, effective January 1, 2024. Colton-Grant will succeed Leo Grohowski who has decided to retire at the end of this year. Colton-Grant is based in New York and reports to Catherine Keating, Global Head of BNY Mellon Wealth Management. Grohowski has been CIO of BNY Mellon Wealth Management for 16 years and has over four decades of asset and wealth management industry experience. He played a pivotal role in shaping investm
NEW YORK, March 10, 2022 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE:BK) announced today that Thomas P. (Todd) Gibbons has decided to retire as Chief Executive Officer and member of the Board of Directors on August 31, 2022, after a distinguished 36-year career with the company. The Board of Directors has appointed Robin Vince to be his successor at that time. Mr. Vince will initially serve as President and CEO-elect, effective immediately, working closely with Mr. Gibbons to ensure a seamless and orderly transition of responsibilities. Mr. Gib
BNY Mellon High Yield Strategies Fund (NYSE:DHF), BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE:DCF) and BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (TICKER:XALCX)(collectively, the "Funds") each announce the appointment of Bradley J. Skapyak to the Board. Mr. Skapyak is deemed to be an interested Board Member of the Funds as a result of his ownership of unvested restricted stock units of The Bank of New York Corporation, the parent company of the Funds' investment adviser. Mr. Skapyak does not serve on the Audit, Nominating, Compensation, Litigation or Pricing Committees of the Boards of the Funds. From January 2010 through May 2019, Mr. Skapy
NEW YORK, July 21, 2021 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE:BK) announced today that Akash Shah has been appointed Chief Growth Officer, effective immediately. This newly created role will oversee Strategy, Marketing & Communications, and Global Client Management. Mr. Shah, who previously held the title of Senior Executive Vice President, Head of Strategy and Global Client Management, will continue to report to Todd Gibbons, CEO of BNY Mellon. "Akash has been a driving force of change since joining the firm three years ago. He has been instrumental as a member of the Executive Committee, in helping to shape our firm-wide strategy, as well as client se
Wolfe Research downgraded BNY Mellon from Outperform to Peer Perform
Morgan Stanley upgraded BNY Mellon from Equal-Weight to Overweight and set a new price target of $94.00 from $82.00 previously
Deutsche Bank upgraded BNY Mellon from Hold to Buy and set a new price target of $80.00 from $66.00 previously
Citigroup downgraded BNY Mellon from Buy to Neutral and set a new price target of $65.00
Keefe Bruyette upgraded BNY Mellon from Mkt Perform to Outperform and set a new price target of $70.00 from $60.00 previously
Morgan Stanley upgraded BNY Mellon from Underweight to Equal-Weight and set a new price target of $62.00 from $52.00 previously
JP Morgan upgraded BNY Mellon from Neutral to Overweight and set a new price target of $54.50
BofA Securities resumed coverage of BNY Mellon with a rating of Buy and set a new price target of $56.00
Wolfe Research upgraded BNY Mellon from Peer Perform to Outperform and set a new price target of $60.00
Goldman upgraded BNY Mellon from Neutral to Buy and set a new price target of $59.00